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Wednesday, May 7th saw the front-month NYMEX Natural Gas contract open at $3.597, $0.134 cents above Tuesday’s closing price of $3.463. Jumping higher overnight due to reduced production reports and […]
Recap: The oil market rebounded on Tuesday on some bargain hunting after the market settled at its lowest level since February 2021 in light of the OPEC+ decision to further […]
Tuesday, May 6th saw the front-month NYMEX Natural Gas contract open at $3.536, $0.014 cents below Monday’s closing price of $3.550. Reclaiming lost ground following the previous day’s profit-taking, prices […]
Recap: The oil market gapped lower from $57.74 to $56.76 on the opening after OPEC+ decided to accelerate its output hikes on Saturday. OPEC+ agreed to further speed up its […]
Monday, May 5th saw the front-month NYMEX Natural Gas contract open at $3.644, $0.014 cents above Friday’s closing price of $3.630. Ascending to record the intraday high of $3.687, the […]
Recap: The oil market on Friday traded within its recent trading range and posted a weekly loss of 7.51% as traders squared positions ahead of an OPEC+ meeting over the […]
Friday, May 2nd saw the front-month NYMEX Natural Gas contract open at $3.499, $0.020 cents above Thursday’s closing price of $3.479. Recording the intraday low of $3.487 within minutes of […]
Recap: The oil market ended higher after it retraced some of its previous losses amid a rebound in the equities market and the postponement of U.S.-Iran talks offset any concerns […]
Thursday, May 1st saw the front-month NYMEX Natural Gas contract open at $3.377, $0.051 cents above Wednesday’s closing price of $3.326. Recording the intraday low of $3.345 at 9:50AM, prices […]
Recap: The oil market continued to trend lower on Wednesday and posted an 18.56% decline in April, its largest monthly decline since November 2021 as the Trump administration’s tariff policy […]